Nikkei the Region's Biggest Loser on Account of Yen Strength

Asian markets moved lower Friday, but most failed to follow through on the large declines seen in other global emerging markets overnight sparked by anxiety over the ability of developing nations to prop up their economies.

The biggest impact was in Japan, where the shift away from riskier assets toward safe havens resulted in a sharp boost for the yen overnight and pushed the Tokyo stock market down 1.9% to 15391.56.